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158 - The Personal Toll of Debt and How to Overcome Financial Stress
Manage episode 440723951 series 3317846
In this episode of the Debt Matters podcast, Wayne Kay speaks with Licensed Insolvency Trustee Derek Chase about the personal and emotional toll included with debt. Key topics discussed include:
- Mental health: Debt can have a lasting impact on your emotional well-being.
- Opportunity loss: Debt can limit or change your life trajectory and overall lifestyle.
- Financial stress management: Learn practical steps to manage the stress caused by debt.
- Coping tools: Discover the importance of physical activity and communication to manage the emotional strain of debt.
- Seeking advice: Reaching out to professionals or support networks for financial planning that can provide relief.
- DIY debt relief: Find financial planning resources that ease the debt burden.
- Staying calm: How to avoid rash decisions (like liquidating your assets) and earn peace throughout the debt process.
If financial problems are weighing you down, listen to today's Debt Matters podcast for more insights on how to manage the emotional cost of debt.
Additional Resources
161 episoder
Manage episode 440723951 series 3317846
In this episode of the Debt Matters podcast, Wayne Kay speaks with Licensed Insolvency Trustee Derek Chase about the personal and emotional toll included with debt. Key topics discussed include:
- Mental health: Debt can have a lasting impact on your emotional well-being.
- Opportunity loss: Debt can limit or change your life trajectory and overall lifestyle.
- Financial stress management: Learn practical steps to manage the stress caused by debt.
- Coping tools: Discover the importance of physical activity and communication to manage the emotional strain of debt.
- Seeking advice: Reaching out to professionals or support networks for financial planning that can provide relief.
- DIY debt relief: Find financial planning resources that ease the debt burden.
- Staying calm: How to avoid rash decisions (like liquidating your assets) and earn peace throughout the debt process.
If financial problems are weighing you down, listen to today's Debt Matters podcast for more insights on how to manage the emotional cost of debt.
Additional Resources
161 episoder
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